Mayra Rodriguez Valladares, managing principal at MRV Associates, who started her career in foreign exchange at the Federal Reserve Bank of New York, believes the foreign exchange market is the most volatile one in which to trade, after commodities,

“In order to be a good currency trader, you need to know a lot about country and economics risks, because currencies are very sensitive to country risks like sovereign defaults, expropriation, nationalization, corruption, unstable governments, and economic risks like inflation, GDP levels, and employment rates,” she says.